Definitions for banking system
bank·ing sys·tem

Princeton's WordNetRate this definition:0.0 / 0 votes

1. banking industry, banking systemnoun

   banks collectively

ChatGPTRate this definition:0.0 / 0 votes

1. banking system

   A banking system refers to a network or system of financial institutions such as banks, credit unions, and other relevant entities that provide financial services to consumers and businesses. This includes services like accepting deposits, offering loans, facilitating transactions, providing savings and checking accounts, credit and debit cards, financial advice, and other related services. The banking system plays a significant role in the economy by channeling funds from savers to borrowers and managing monetary policies. These systems can be regulated by specific country laws and central banks or financial authorities.

Editors ContributionRate this definition:0.0 / 0 votes

1. banking systemadjective

   A system for banking

   The banking system has to change to community banking for all with a just and fair costing to function easily, efficiently and simply and all profits used to contribute to society

   
   

   Submitted by MaryC on July 30, 2023  

Matched Categories

1. • Industry

How to pronounce banking system?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say banking system in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of banking system in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of banking system in Pythagorean Numerology is: 6

Examples of banking system in a Sentence

1. Economy Minister Alexei Ulyukayev:

   The banking system's capitalisation should be boosted, how can this be done at a time of budget restrictions and low demand for assets? I think we should return to the idea of privatisation of ... Sberbank and VTB.

2. Oleksandra Ustinova:

   They switched off seven banks out of more than 300 that Russia has, that's basically, it’s not even strong sanctions, we need secondary sanctions that any bank that works with a Russian bank will be sanctioned as well, it means that all the Western banks would refuse to work with any Russian bank, and that's how we can isolate their banking system.

3. Chairman Stephen Schwarzman:

   Their financial system would have to be supported. If not, the pattern of withdrawals that have been fully covered by ECB loans would suggest that without those loans, you would have a collapse of the banking system, how the ECB and Europe would transition that is something I don't know but would have to be worked out.

4. Elizabeth Warren:

   Your record gives me grave concern. Over and over you have acted to make our banking system less safe. And that makes you a dangerous man to head up Federal Reserve.

5. The SNB:

   To combat this crisis, it is essential that companies have access to credit and the banking system has access to liquidity.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=banking system
2. ^ ChatGPT
   https://chat.openai.com